The wallet stores my private key. It can be a full node with the whole blockchain or it can connect into a full node with the key to make transactions signatures and so on.
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Bitcoins wallets stores your private keys ,sign transactions and checks your balance.
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- A bitcoin wallet’s main role is to store your private keys. When it sends BTC, it will create and sign transactions and broadcast them through the blockchain network. when it receives funds, it will read the blockchain and notify you if you have funds. There are no coins in the wallet.
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- Describe in short what a bitcoin wallet does.
Wallet stores your private key.
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Homework on Role of Wallets.
-Wallet where you create and store your PK in it to sign and broadcast your transaction and reading the blockchain to notify you of the incoming transaction.
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-Genarates your public key from your private key
-Signs transactions
-Hodls your private keys
-broadcast transactions to the network
-Reads transactions
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A wallet can store your private key, it can greates and send transaction, it broadcast the transaction to the network and it can ready the Blockchain.
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A Wallet stores your Private Key, Creates and Signs Transactions and broadcasts and reads transactions to/from the Blockchain.
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A bitcoin wallet, holds the private keys for bitcoin transactions. The wallet creates and signs transactions, it broadcasts the transactions to the network and also facilitates and notifies incoming bitcoin transactions
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A bitcoin wallet contains private keys, creates and signs transactions, broadcasts these transactions to nodes and reads the blockchain.
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create an private key,
send and revieve transactions to the blockchain => database
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- Describe in short what a bitcoin wallet does.
A BTC wallet is where you store your Bitcoin and is protected by Issuing private keys to access the wallet
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1.It stores your private keys, create, signs transactions and broadcast.
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The wallet stores our private keys.
When we’re sending funds it will create, sign and send the transaction to the network.
When we’re receiving funds, the wallet reads the blockchain and notifies us.
Before watching the videos I thought that the wallet was actually storing coins =P
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- Describe in short what a bitcoin wallet does.
It does not store any coins, just the private keys
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- Describe in short what a bitcoin wallet does.
Stores Private Keys
Creates Public Keys
Signs transactions
Sends transactions
Reads tramssactions
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- Describe in short what a bitcoin wallet does. - it stores private keys of the owner, signs transactions before they are sent out to a node, full or SPV. On the opposite transaction-receiving bitcoin, it reads the information sent by the blockchain.
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A Bitcoin wallet in short stores your private keys and uses them to confirm the validity of transactions to and from your accounts.
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A wallet does the job of storing the private key and also to create and broadcast transactions to the nodes. It does not holds any coins in it. There are different kinds of wallets like: Paper wallet, hardware wallet, paper wallet and hosted wallet.
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- bitcoin wallet- stores private key
- creates public key
- signs transactions
- broadcast transactions
- reads transactions
No physical coins in wallet
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